MortgageProtector Solo was introduced to the market in April this year offering competitive accident, sickness and unemployment cover to brokers’ existing mortgage clients.
It is already proving popular with intermediaries and this move to place it on the Inertia system can only boost sales further, while complementing all of the Paymentshield product range.
Paymentshield Head of Marketing Sandy McPherson said: “Inertia is our quotation software which enables brokers to generate mortgage related general insurance quotations and submit applications electronically.”
MortgageProtector Solo sits alongside the MortgageProtector product and is designed to help protect mortgage payments for up to 12 months for accident, sickness and unemployment cover, or for 12 or 24 months for accident and sickness only cover for existing mortgage borrowers.
MortgageProtector Solo benefits include:
• Monthly benefit of up to £1,500, subject to a maximum of 65% of gross monthly income
• Clients can cover up to an additional 33% of their monthly mortgage repayments, helping to protect other household expenses
• Wide choice of qualification periods up to 180 days
• Ability to select different qualification periods for Accident and Sickness and for Unemployment
• Single and joint cover available
• Underwritten by Pinnacle Insurance plc.
“Now is a great time to contact existing mortgage customers with this great new cover, plus maximise your earnings potential. Furthermore, Solo prices are fixed until next year. All this together with Solo now being available on Inertia, should make recommending this product to clients easy,” McPherson added.
